The coronavirus has the potential to upend many Americans' retirement plans
A global pandemic, record levels of unemployment and uncertainty about the near or distant future has Americans worried about their retirement.
Respondents’ current finances are suffering as well — 35% said they couldn’t last more than a month on their savings. That reality is even worse for black respondents and Hispanic respondents . A third of white survey respondents said they could survive less than a month with their current savings. SimplyWise conducted its survey of more than 1,100 Americans 18 and older online during the first week of July.
See: We have $190,000 in retirement savings and want to use the COVID-related distribution rules to pay off $40,000 in debt — should we?
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